Triplex Selling BELOW THE 1% RULE!!! 2 UNITS OCCUPIED 3RD UNIT RENT READY| PICTURE LINK ON THE ATTACHED FILE

$185,000 • 4 Beds / 3 Baths
Offer Submission Deadline
single_propertie_
  • 2-4 Unit
  • 4
  • 3
  • No Garage

Description

THIS RIVER BACKED PROPERTY HAS A 5 YEAR OLD ROOF, NEW SIDING ON THE NORTH SIDE, NEW EXTERIOR PAINT, MOST OF THE WINDOWS ON THE PROPERTY ARE NEW, BACK DECK AND STAIRS UPDATED, BUILDING IS MASTER KEYED.


UNIT A 2/1:

RENTED 3/2025 ON A FIXED YEAR LEASE $800 PER MONTH

NEW HVAC IN 2024 10 YEAR OLD PARTS WARRANTY 2 YEAR LABOR

NEW APPLIANCES IN 2024

NEW HOT WATER HEATER IN 2024

WASHER DRYER HOOKUPS IN UNIT


UNIT B 1/1:

RENTED 3/2025 $700 PER MONTH RENT ON A 1 YEAR LEASE

NEW APPLIANCES

NEW INTERIOR PAINT

MINI SPLIT SERVICED IN 2024

NEW FRONT DOOR AND BEDROOM DOOR

NEW HOT WATER HEATER IN 2024


UNIT C 1/1:

VACANT (PROJECTED RENT MINIMUM $700)

RENT READY

NEW CARPET IN 2023

TILED UNIQUE SHOWER

UNIQUE DESING AND RIVER VIEW


THIS PROPERTY IS BACKED UP TO THE ARKANSAS RIVER AND BOASTS A LOT SIZE SIGNIFICANT ENOUGH TO BUILD A NEW MULTIFAMILY BEHNID THE EXISTING BUILDING



Estimated Spread

  • Price $185,000
  • Spread -$185,000

DOCS

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Investment Opportunity Triplex (Units A-C, Palisade).docx

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